Overseas Chinese Acquisitions Valued at $75 Billion Were Cancelled Last Year
Chinese overseas deals which were worth almost $75 billion were cancelled last year as a result of clampdown on regulations and restrictions on foreign exchange. This caused 30 acquisitions with European and US groups to fall through.
“Chinese overseas deals which were worth almost $75 billion were cancelled last year as a result of clampdown on regulations and restrictions on foreign exchange.”
These figures reveal an seven fold increase in the value of cancelled deals from about %10 billion in 2015. Inspite of the cancelled deals, analysis by Baker McKenzie and Rhodium also shows that Chinese direct investment into US and Europe have more than doubled to $94.2 billion in 2016.
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